Home Capital Group Announces Executive Leadership Change

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Home Capital Group Inc. (TSX: HCG) (Home Capital or the Company) today announced that John Harry, Executive Vice President, Commercial Lending has left the Company.

John Harry has been a valuable contributor and we wish him every success in his future endeavours, stated Yousry Bissada, President and Chief Executive Officer of Home Capital.

In his role as Executive Vice President, Commercial Lending, Mr. Harry oversaw commercial mortgage originations. Commercial mortgage underwriting reports to Mike Forshee, Executive Vice President, Underwriting, who took over that responsibility on January 1, 2019 as part of an internal reorganization.

Commercial mortgage lending, a strategically important part of our business, will report directly to me on an interim basis, added Mr. Bissada. We are committed to our customers in this segment and we look forward to continuing to grow this area of the business with our skilled and dedicated Commercial team.

Home Capital Group Inc. is a public company, traded on the Toronto Stock Exchange (HCG), operating through its principal subsidiary, Home Trust Company. Home Trust is a federally regulated trust company offering residential and non-residential mortgage lending, securitization of insured residential mortgage products, consumer lending and credit card services. In addition, Home Trust offers deposits via brokers and financial planners, and through a direct to consumer deposit brand, Oaken Financial. Home Trust also conducts business through its wholly owned subsidiary, Home Bank. Licensed to conduct business across Canada, we have offices in Ontario, Alberta, British Columbia, Nova Scotia, Quebec and Manitoba.

Jill MacRae
Director, Investor Relations
416-933-4991
[email protected]